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About the Michigan District Office

About the Michigan District Office

About Our Office: 

The goal of the Michigan District Office is to create an environment within Michigan where small business can grow and prosper. We do this by providing:

  • Free business counseling through the Michigan Small Business and Technology Development Centers, SCORE, Women Business Centers, and U.S. Export Assistance Centers.

  • Government contracting assistance

  • Low-cost training

  • Loan guaranty programs (SBA does not provide grants to individuals to start businesses). 

In fiscal 2013, SBA guaranteed 1,831 loans to Michigan small businesses through the 7(a) loan guaranty program for a total of $573 million.  The Michigan District was the number two 7(a) lender in fiscal 2013 and second in the nation for all SBA loans. 

Under our 504 program, we approved 259 loans for $143.6 million.  This was the second largest number of 504 loans approved in Michigan.  Over the past eight years SBA has provided guaranties on 18,337 loans worth nearly $5 billion. 

For  fiscal 2014, SBA guaranteed 2,145 loans to Michigan small businesses through the 7(a) loan guaranty program for a total of for $602.7 million. This is an increase of 17.1% over fiscal 2013. Under our 504 program, we approved 205 loans for $91.4 million, a 21% decrease from 2013 in numbers. The Michigan District is second in the nation for both 7(a) loans and all SBA loans.